CFA, ASA, AAS
Mon - Fri: 8am - 5pm
515 North Main Street
Gainesville, Fl 32601
Tangible Personal Property Most Frequently Asked Questions
Tangible Personal Property is everything other than real estate that has value by itself. It includes such items as furniture, tools, machinery, household appliances, signs, equipment, leasehold improvements, supplies and leased equipment used in a business.
Anyone in possession of assets on January 1st who has a sole proprietorship, partnership, company, corporation, or is a self-employed agent or contractor must file each year. Property owners who lease, lend or rent property must also file.
Florida Statute requires that all Tangible Personal Property be reported each year to the Property Appraiser's office. If you receive a return, our office determined that you may have personal property to report. If you feel that the form is not applicable, return it with an explanation.
As a courtesy, the Property Appraiser mails a return at the beginning of each year. If you do not receive one, please contact our office.
Yes, if you received two forms, it means we have been informed that you have more than one business or location.
Yes. If you feel you do not have assets to report, fill out items 1 through 9a on the return and attach an explanation of why nothing was reported.
Yes. If you were not in business on January 1st of the tax year, follow this procedure:
1. On your return, indicate the date you went out of business and the manner in which you disposed of the assets.
2. If the business sold please include buyer information such as: date of sale, name, address and telephone number.
3. Sign, date and mail the return back to the Property Appraiser by April 1st.
All equipment still in use or in your possession should be reported.
No. There is no minimum value.
If you own both the land and mobile home, the mobile home must be declared real property and a Real Property (RP) decal must be purchased. If you do not own the land but do own the mobile home, you are required to purchase a yearly decal for the mobile home.
Businesses with tangible personal property assets are required to file a timely return to qualify for an exemption of up to $25,000. A timely filed return is application for the exemption. Returns must be received or postmarked by April 1st of each year. If the Just Value of the business tangible is $25,000 or less, the filing requirements will be waived in future years UNLESS the Just Value increased to over $25,000. It is the responsibility of the taxpayer to timely file if the value increases to greater than $25,000 in any year.